the double top / double bottom extreme

Bounce reversals represent superb entry points when a 100% violation coincides with a 38% or 62% retracement of the next higher dynamic time frame. However, risk: reward requires careful measurement, such trade may develop more slowly than expected. In other words, successful position must be held through expected congestion of 38% -62% zone before it can access a profitable retest of the double top / double bottom extreme.